Property rates in Matunga East average ₹49,100 per sq ft, reflecting a stable market environment for high-end residential real estate. This prime locality continues to attract significant interest, supported by a healthy rental yield of 3.64%. With a diverse range of property options from ready-to-move units to luxury new launches, Matunga East remains a high-value destination for investors and homebuyers seeking premium living in the heart of Mumbai.
Insights for Matunga East, Mumbai Real Estate Market Overview
Matunga East offers a premium real estate landscape, characterized by high-value apartments and a robust rental market. Prices have shown steady alignment with market demand, while the area continues to see consistent interest from homebuyers looking for established, well-connected neighborhoods. The rental market is particularly active, with yields reaching 3.64% and a variety of unit sizes available to meet diverse tenant needs. Government registration data confirms significant capital flow into the region, underscoring its status as a preferred investment hub.
The average residential apartment rate in Matunga East stands at ₹49,100 per sq ft.
Rental rates for apartments average ₹149 per sq ft, with high demand for larger configurations.
Ready-to-move projects are currently priced at an average of ₹40,950 per sq ft, showing a positive trend of 3.88%.
Hubtown stands out as a leading developer by transaction volume, reflecting strong brand reliability in the area.
Rental yields of 3.64% provide a compelling argument for investors seeking consistent income streams.
Market Strengths
Strong rental demand with an average rate of ₹149 per sq ft.
A diverse range of rental options from studios at ₹36,650 per month to 4 BHK units at ₹3 Lakh per month.
Healthy transaction activity with 155 registrations and a gross value of ₹459 Cr.
Positive growth in the ready-to-move segment at 3.88%.
High-value project presence with luxury offerings exceeding ₹50,000 per sq ft.
Consistent interest from prominent developers like Hubtown.
Market Challenges
New launch projects have seen a price correction of -6.61%, reflecting current market adjustments.
High-end premium projects like Godrej Five Gardens have experienced a price change of -7.86%.
Overall property rates in the Matunga area have seen a slight shift of -0.63%.
Investment Opportunities
Rental yields of 3.64% offer a stable income stream for residential property investors.
Ready-to-move inventory has appreciated by 3.88%, indicating strong demand for immediate housing.
Studio and 1 BHK apartments provide accessible entry points into the local rental market.
Top projects like Hubtown Harmony show active transaction volume, suggesting high liquidity for investors.
Established residential projects are seeing consistent demand, providing potential for long-term capital appreciation.
Price Trend
Matunga East, Mumbai Property Price Trends and Appreciation
The market in Matunga East has shown resilience, with prices moving from ₹49,950 per sq ft in June 2025 to a current rate of ₹49,100 per sq ft. Following a slight fluctuation in the third quarter of 2025, the rates have stabilized, reflecting consistent buyer demand. This trend highlights the lasting appeal of the area despite broader market adjustments.
Matunga East commands a premium position compared to surrounding areas, with its average rate of ₹48,950 per sq ft reflecting its status as a top-tier neighborhood. In contrast, nearby Wadala offers more accessible entry points at ₹37,250 per sq ft, while Antop Hill stands at ₹33,100 per sq ft. Meanwhile, Shivaji Park remains one of the most expensive pockets in the vicinity, averaging ₹56,100 per sq ft. These variations allow buyers to choose between established luxury and emerging residential hubs within the same micro-market.
Matunga East's real estate market is primarily defined by high-end apartments, which currently trade at an average of ₹49,100 per sq ft. This segment has shown a steady performance of 0.89%, catering to buyers who prioritize premium living standards and connectivity. The consistency in apartment pricing underscores the area's popularity among affluent home seekers.
The Matunga East market provides a balanced supply of residential options across various development stages. Ready-to-move inventory is currently priced at ₹40,950 per sq ft, showing a solid growth of 3.88% for those seeking immediate occupancy. Under-construction projects, which are priced at ₹46,200 per sq ft, offer buyers a chance to invest in newer, modern layouts as they approach completion.
Project & Developer Insights
Top Residential Projects and Developers in Matunga East
Top Projectsin Matunga East
JP Codename Matunga Origins is the top project in Matunga East with prices from ₹ 2.94 Cr to 4.23 Cr.
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Lodha Signet
₹ 2.25 Cr - ₹ 4.66 Cr
Mumbai South, Mumbai
Lodha Divino
₹ 4.44 Cr - ₹ 22.20 Cr
Mumbai South, Mumbai
Godrej Five Gardens
₹ 11.2 Cr - ₹ 11.96 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 6.34 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.4 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Lodha leads in Mumbai with 110 projects and 39 years of experience.
Premium residential developments in Matunga East set high benchmarks, with projects like Godrej Five Gardens leading at ₹64,850 per sq ft. Rustomjee La Sonrisa and Kalpataru Matru Ashish follow with strong asking prices of ₹57,600 per sq ft and ₹57,550 per sq ft, respectively. These luxury projects demonstrate the area's strong appeal for high-net-worth buyers looking for architectural excellence and top-tier amenities.
High-value transactions in Matunga East are anchored by projects like First Stone Pinnacle 323, which recorded a transaction value of ₹6.3 Cr. Hubtown Harmony and Surya Tower Apartment also feature prominently, with transaction values of ₹4.75 Cr each, reinforcing their status as premium residential choices. These projects represent the upper echelons of the market, attracting significant investment from discerning buyers.
Project Name
Current Price (₹/sq.ft)
Transactions
Change %
Hubtown Harmony, Kings Circle
41,350
3
2.8
Satra Mahavir Ville, Kings Circle
45,700
1
-4.9
Surya Tower Apartment, Chandra Villa
42,600
1
-
Shamji Ladha Building, Kings Circle
40,000
1
-
First Stone Pinnacle 323, Kings Circle
39,900
1
-
Kalpanaapartment, Kings Circle
39,800
1
-
Dinesh Mahal, Kings Circle
39,750
1
-
Buyer preference is clearly visible in the transaction data, with Hubtown Harmony leading the market with 3 recorded registrations at an average rate of ₹41,350 per sq ft. Other projects like Satra Mahavir Ville and Surya Tower Apartment also saw successful transactions, confirming that established projects remain top choices for buyers. This concentration of activity in specific developments highlights a trend toward trusted, well-managed residential properties.
Premium projects are setting the pace for the rental market, with Kesar Horizon leading at ₹160 per sq ft. Other notable developments like Gurukul CHS Matunga and Earth Building also command strong rental rates of ₹155 per sq ft and ₹154 per sq ft, respectively. These projects highlight the premium tenants are willing to pay for well-maintained and centrally located residential complexes.
The development landscape in Matunga East is anchored by experienced builders who command significant buyer trust. Hubtown leads the segment with 3 registered transactions, setting a benchmark for consistency. Other developers such as Suraj Estate Developer and Satra Properties India Ltd are also actively contributing to the market's growth, ensuring a steady supply of quality residential space.
Government Registrations
Government Registration in Matunga East, Mumbai
Official registration data highlights a vibrant market with 155 transactions recorded between June 2025 and May 2026, totaling a gross value of ₹459 Cr. The average registered rate stands at ₹33,450 per sq ft, reflecting the actual transaction landscape. Hubtown has emerged as a key driver of this activity, leading in transaction volumes, while other developers continue to contribute to the market's overall momentum.
Sales Transactions155
Gross Sales Value₹ 459 Cr
Registered Rate₹ 33,450/sq.ft
Recent Registered Transactions
Recent Registered Transactions in Matunga East
Recent registration data indicates a robust market, with 155 transactions finalized between June 2025 and May 2026. These deals represent a total gross value of ₹459 Cr, demonstrating sustained buyer confidence and strong market liquidity in Matunga East.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-04-07
Floor 13, Unit 1301
N/A
1035 Sq.Ft.
2026-03-29
Floor 21, Unit 2103
N/A
469 Sq.Ft.
2026-03-27
Floor 8, Unit 801
N/A
757 Sq.Ft.
2026-03-14
Floor 10, Unit 1002
N/A
898 Sq.Ft.
2026-03-13
Floor 17, Unit 1703
B
1282 Sq.Ft.
2026-03-02
Floor 13, Unit 1302
N/A
884 Sq.Ft.
2026-03-02
Floor 13, Unit 1301
N/A
761 Sq.Ft.
2026-02-28
Floor 10, Unit 1001
N/A
651 Sq.Ft.
2026-02-18
Floor 4, Unit 401
N/A
355 Sq.Ft.
2026-02-18
Floor 2, Unit 201
N/A
207 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Matunga East, Mumbai
The rental market in Matunga East caters to a wide spectrum of needs, with 1 BHK units averaging ₹57,950 per month and 2 BHK units at ₹1.22 Lakh per month. For those seeking larger spaces, 3 BHK and 4 BHK apartments command significant rents of ₹2.51 Lakh and ₹3 Lakh per month, respectively. Studio apartments remain a popular choice for compact living, averaging ₹36,650 per month. Rental rates vary across the neighborhood, with Matunga and Matunga West commanding an average of ₹150 per sq ft. Other pockets like Dosti Acres and Hindu Colony offer more competitive rates at ₹100 per sq ft. These variations provide tenants with flexibility in choosing a location that aligns with their budget and lifestyle preferences. Apartments in Matunga East are highly sought after, with an average rental rate of ₹150 per sq ft. This sector has experienced a notable annual growth of 11.19%, reflecting the increasing demand for high-quality residential space in this prime locality. Premium projects are setting the pace for the rental market, with Kesar Horizon leading at ₹160 per sq ft. Other notable developments like Gurukul CHS Matunga and Earth Building also command strong rental rates of ₹155 per sq ft and ₹154 per sq ft, respectively. These projects highlight the premium tenants are willing to pay for well-maintained and centrally located residential complexes.
The rental market in Matunga East caters to a wide spectrum of needs, with 1 BHK units averaging ₹57,950 per month and 2 BHK units at ₹1.22 Lakh per month. For those seeking larger spaces, 3 BHK and 4 BHK apartments command significant rents of ₹2.51 Lakh and ₹3 Lakh per month, respectively. Studio apartments remain a popular choice for compact living, averaging ₹36,650 per month.
Rental rates vary across the neighborhood, with Matunga and Matunga West commanding an average of ₹150 per sq ft. Other pockets like Dosti Acres and Hindu Colony offer more competitive rates at ₹100 per sq ft. These variations provide tenants with flexibility in choosing a location that aligns with their budget and lifestyle preferences.
Apartments in Matunga East are highly sought after, with an average rental rate of ₹150 per sq ft. This sector has experienced a notable annual growth of 11.19%, reflecting the increasing demand for high-quality residential space in this prime locality.
Frequently Asked Questions About Property Rates in Matunga East, Mumbai
What is the current average asking price in Matunga East as of March 2026?
As of March 2026, the average asking price in Matunga East is ₹49,100 per sq ft. This figure reflects an appreciation of 0.89% from the previous quarter, indicating a resilient and steady demand for residential properties in this premium locality.
How do property prices in Matunga East compare to the Government Registration Rate?
The average asking price in Matunga East currently stands at ₹49,100 per sq ft, which is significantly higher than the Government Registration Rate of ₹31,950 per sq ft. This gap between the market-driven asking price and the government-notified rate is common in high-demand, prime residential areas of Mumbai, reflecting the premium value buyers place on the location's infrastructure and connectivity.
What is the recent price trend for property in Matunga East?
The property price trend in Matunga East has shown a positive trajectory, with the average asking price rising from ₹48,700 per sq ft in December 2025 to ₹49,100 per sq ft in March 2026. This upward movement suggests sustained buyer interest, though it is worth noting that prices have fluctuated over the past year, having reached ₹49,950 per sq ft in June 2025 before adjusting to current levels.
How does the average asking price vary by property status in Matunga East?
As of March 2026, property prices in Matunga East vary by project status: Ready To Move properties are priced at ₹40,950 per sq ft (which appreciated by 3.88% compared to the previous period), while Well Occupied projects are at ₹43,450 per sq ft (appreciating by 5.07%). Under Construction projects command a higher rate of ₹46,200 per sq ft, which has seen a minor depreciation of 0.33%, and New Launch projects are currently priced at ₹36,050 per sq ft, reflecting a depreciation of 6.61% over the same period.
What is the average rental yield in Matunga East and what does it signify for investors?
The average rental yield in Matunga East is 3.64% as of March 2026, providing a clear income-generation benchmark for property investors. When paired with the average apartment rental rate of ₹149 per sq ft, which has appreciated by 11.19% compared to the previous period, this yield indicates a healthy balance between capital appreciation and recurring rental income in the locality.
What is the BHK-wise rental pattern in Matunga East?
Rental rates in Matunga East vary significantly by unit size as of March 2026. Studio apartments average ₹36,650 per month, while 1 BHK units command ₹57,950 per month. For larger configurations, 2 BHK units average ₹1.22 Lakh per month, 3 BHK units reach ₹2.51 Lakh per month, and 4 BHK apartments are available at an average of ₹3 Lakh per month, catering to a diverse range of tenant profiles from young professionals to large families.
Which projects in Matunga East command the highest rental rates?
As of March 2026, premium rental projects in Matunga East include Kesar Horizon at ₹160 per sq ft, followed by Gurukul CHS Matunga at ₹155 per sq ft, and Earth Building, which has seen a significant appreciation of 32.76% to reach ₹154 per sq ft. Other notable projects include JP Hari Mangal Manor at ₹153 per sq ft and Sahaj Anvaya at ₹145 per sq ft, reflecting the premium that well-maintained, strategically located residential buildings command in the local rental market.
How do rental rates in Matunga East compare to nearby areas?
Rental rates in Matunga East currently average ₹150 per sq ft, a rate shared by other prominent areas like Matunga West, Wadala, and Dadar East. In contrast, areas such as GTB Nagar, Hindu Colony, Dosti Acres, and Sion West offer more competitive rental entry points at ₹100 per sq ft, while Kasaravadi commands a premium at ₹250 per sq ft. This variation allows tenants to choose between the high-end amenities of Matunga East and more budget-friendly options in the immediate vicinity.
Which developers have the highest transaction activity in Matunga East?
Hubtown leads the transaction activity in Matunga East with 3 recorded transactions as of March 2026, followed by other active developers including Suraj Estate Developer, Satra Properties India Ltd, Endemic Realtors, First Stone Builders, and Tanishq Builders, each with 1 recorded transaction. This distribution highlights a mix of both established and niche developers contributing to the local real estate inventory.
What are the top projects by transaction volume in Matunga East?
Hubtown Harmony is the most active project in Matunga East by transaction volume, recording 3 transactions as of March 2026 with a current rate of ₹41,350 per sq ft, which has appreciated by 2.75% compared to the previous period. Other notable projects with transaction activity include Satra Mahavir Ville at ₹45,700 per sq ft (depreciating by 4.88%), Surya Tower Apartment at ₹42,600 per sq ft, and Shamji Ladha Building at ₹40,000 per sq ft.
How should a buyer interpret the property rates data for Matunga East?
Buyers should use the data to identify the price gap between Ready To Move and Under Construction projects, which currently stand at ₹40,950 per sq ft and ₹46,200 per sq ft respectively as of March 2026. By comparing these figures against the Government Registration Rate of ₹31,950 per sq ft and observing the quarterly price trends, buyers can assess whether the current market entry point aligns with their long-term investment goals or immediate housing needs.
